Beware of the Fast-Track Commission to Study Cuts to Social Security, Medicare and Medicaid, Social Security Expert Eric Kingson Says

With membership representing 70% of House Republicans, the House Republican Study Committee (RSC) recently unveiled a plan to make drastic changes to Social Security and Medicare, including raising the full retirement age from 67 to 69 by 2033 for those born in 1960 or later and then to 70 and beyond by indexing the retirement age to increases in life expectancy.

When fully phased in, raising the retirement age to 69 would result in a 13-14% reduction in Social Security benefits for all workers regardless of when they first accept retired worker benefits.

Eric Kingson, a professor of social work in the Falk College of Sport and Human Dynamics, is a founding co-director and current board chair of Social Security Works, the organization that launched and staffs the Strengthen Social Security Coalition. The RSC is also proposing cuts to Medicare and Medicaid, and Kingson says these reductions would be devastating to most Americans.

“This proposal would essentially privatize Medicare, reducing protections and increasing the financial risks of older persons and people with disabilities,” Kingson says. “The waiting period for new disability insurance beneficiaries would be doubled to five years, Medicaid benefits and eligibility will be slashed and new provisions allowing Medicare to negotiate lower pharmaceutical prices will be eliminated.

“And ironically,” Kingson says, “the RSC’s plan would also extend the Trump administration’s 2017 tax cuts—a change that the Congressional Budget Office estimates would add $3.5 trillion to the federal deficit from 2025-34.”

Kingson is well-positioned to speak to the politics surrounding social security’s evolution, financing and expansion of benefit protections. He served as policy advisor to two presidential commissions: the 1982-83 National Commission on Social Security Reform, and the 1994 Bipartisan Commission on Entitlement and Tax Reform. An active volunteer on the Obama campaign’s Retirement Security Policy Advisory Committee starting in July 2007, Kingson later served on the advisory committee to the Social Security Administration’s transition team.

Kingson is the author of several books and articles addressing the political and economic consequences of aging, retirement and social security, including “Social Security Works for Everyone! Protecting and Expanding the Insurance Americans Love and Count On.” In that book, co-authored with Nancy J. Altman, president of Social Security Works, Kingson and Altman make the case for an all-generations expansion of Social Security for Americans of all ages, races, genders and ethnicities.

Here, Kingson answers three questions about the several prominent proposals.